Pak Suzuki Motor Company recently made a significant move by announcing a considerable reduction in prices for its Swift models, offering a relief of Rs710,000 for potential car buyers. The company informed customers through an official notice that the new pricing structure will come into effect starting on May 1, 2024. This decision was attributed to the prevailing market conditions and the company’s endeavor to align with the economic environment.
In line with the revised pricing strategy, the Swift GL MT model will now be retailed at Rs 4,336,000 after a substantial price cut of Rs 85,000. Similarly, the Swift GL CVT variant is now priced at Rs 4,560,000, showing a considerable reduction of Rs 159,000 compared to its previous price of Rs 4,719,000. The most significant price drop was observed in the Swift GLX CVT model, which witnessed a notable decrease from Rs 5,429,000 to Rs 4,719,000, translating into a substantial reduction of Rs 710,000.
The notice issued by Pak Suzuki Motor Company clarified that the revised retail prices include Federal Excise Duty (FED) and Sales Tax. However, the prices do not encompass Advance Income Tax, as specified in the notice. This move by the automobile company is aimed at making their Swift models more accessible and affordable to a wider range of customers, taking into account the economic conditions prevailing at the time.
In parallel news within the automotive industry, on Monday, Lucky Motor Corporation also made headlines by announcing a significant price decrease for KIA’s Stonic EX+ model in Pakistan.
This series of price adjustments by leading automobile companies reflects a proactive approach to market dynamics and customer demand, ensuring that consumers can benefit from more competitive pricing and enhanced affordability when making their automobile purchases.
